China Consumer Prices Up 1.8% in July

China's consumer price index (CPI), a main gauge of inflation, grew 1.8% year on year in July, down from June's 1.9%, the National Bureau of Statistics announced Tuesday. 
The July data dropped for the third-consecutive month from 2.3% in April, when the CPI reached its highest level since July 2014, according to China's (Xinhua) News Agency. 
On a month-on-month basis, the CPI rose 0.2% in July. 
NBS statistician Yu Qiumei attributed the moderated inflation mostly to eased food prices. 
The price of pork rose 16.1% year on year in July, slowing from 30.1% rise recorded in June. 
Since January, CPI has been calculated using a new comparison base and included more products and services, while slightly reducing the weighting of food.